Page 8 Advertisements Column 2

Bay of Plenty Beacon, Volume 2, Issue 184, 10 July 1940, Page 8

PUBLIC NOTICE THE GOVERNMENT STATE FIRE INSURANCE OFFICE: ■ s. ' distribution of profits for. YEAR 1939-1940. TO POLICYHOLDERS. You will be pleased to know the Bonus : System instituted in 1936. will becontinued this year, and policyholders who have keen insured with the - Office for not less than one" year will be credited with the Bonus debate on renewal of existing insur- : anqes. Under this Distribution of Profit? policyholders will benefit according to the length of time they have - been insured with the Office up to • a maximum of three years, . .The amount of profit credited to each policy, which will be shown on. the • expiry notice, further reduces the cost of your insurance. * A TDistributioii of Profits on this; ; liberal scale is confined to policy--' holders of the State Fire Office. - Policyholders are reminded of the part played by the State Fire Office in reducing insurance pre- r miums. The establishment of the- ; Office in 1905 brought about a permanent reduction in -Dwelling ratesof 33 1-3 per cent, and in Trade : ; Risks of 10 per cent. In. 1923 the ■- Office declared its first Bonus Rebate of 15 per cent. The Bonus Re—.- ; bates for succeeding years were ; 1924-1925, 10 per cent; 1926-1933, ,; per cent, 1934-36, '12%' percent; Avith an increase in the case of - Dwellings.:,.and Farm Buildings , up to 25 per cent. On ■ the Ist Deorember, 1936, the latest Bonus Re- < , bate was converted into a, permanent rate reduction, and in addition; a Distribution of Profits was made. The effect of the, above reduction?-. since the establishment of theSTATE FIRE OFFICE in -1905 hasbeen to reduce premiums, in the case of Dwellings and Farm Build- : ings by from 57.33 per cent to 62.5 per cent, and in the case' of TradeRisks by from 28 per cent to 37 per cent. : .. The State Fire Office in apply- ~ ing surplus profits towards the reduction of premiums to its policyholders affords all the of Mutual insurance without that contingent liability -oh policyholders which is an inherent risk at- , tached to Mutual insurance outside - - the State Fire Office. A CONTINUANCE OF . YOUR . SUPPORT WILL ASSIST THIv STATE FIRE - OFFICE TO MAIN- ■ TAIN AND EXTEND ITS "MUTUAL" SERVICE TO POLICYHOLD— ERS. . .. IF YOU DESIRE: TO INSUREs YOUR DWELLING, FURNITURE AND PERSONAL EFFECTS, EMPLOYEES, MOTOR CARS AND* . TRUCKS, CONSULT OUR AGENT,. r . : A, j tanning and Co. i Auctioneers and Estate Agents; Agent for State Fire and Accident / Insurance, Government Life Insur- ' ance, State Advances Corporation " Northern Building Faria t Equipment Coy. WHAKATANE y """' ' mmm w e T BELL 0 BUILDER & CONTRACTOR I h EDGECUMBF. a ' - • :■ ■ ■' a Builders hardware always 011 1 v stock. Plans and specifications >..• prepared. , ■ Estimates Free. Phone 141 X : N Z.R ROAD SERVICES a A MOTOR SERVICES n CARS DEPART WHAKATANE FOR e Rotorua —7.15 a.m; 1 p.m; 4.15 p.m. i-, Sundays 1 p.m. only. .0 Hamilton —7.15 a.m. (car and rail> 1- 1 p.m. Sundays 1 pm. only. Auckland —7.15 a.m. (car and rail> ' 1 p.m. Sundays I"p.m. only. Opotiki—lo a.m., 3 p.m., 6.45 p.m. ;e Sundays 3 p.m. only. k.\ Gisborne—lo a.m.; 3 .p.m. !, Sundays 3 p.m. only. 3] Napier—7.ls a.m.—Week days. Tau-anga—4.ls p.m.—Week days.